Late Rally Leads QQQ, IWM, SPY to Highest Monthly Close...

© 2018

SPY, DIA and IWM formed a bull flag price with a neutral spinning top following an afternoon rally reversing an early pullback.  Be prepared for a potential bounce entry on Tuesday.  Enjoy the Labor Day Weekend.  

SQ, AAPL, AMZN, and MSFT hit new highs on Friday. 

Four sectors were higher on Friday, led by discretionary XLY +0.39% and real estate XLV +0.39%.

The DJIA, closed down 22 points at 25,964.  This is the thirtieth sixth consecutive close above 25,000 since June 15.

SPY up .01 at 290.31, on 66.1 million shares, 12% above average volume. Up slightly on higher volume.

VIX down .67 at 12.86 

Oil down .17 at 69.88

TLT down .29 at 120.99 on 9.6 million shares. 

CSCO +1.31%, NKE +1.23%, led the DJIA, 15 advancers, -3.

DVA +4.18%, NRG +2.14% and TSCO +2.07%, led the SPX.
ULTA +6.38%, QRTEA +3.18%, ORLY +1.79%, and NTES +1.71%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: IWM, QQQ, SPY,

Down: DIA,

Breadth strengthened on Friday, as advancers led 1,533 to 1,314 on the NYSE and led 1,751 to 1,164 on the NASDAQ

The SPY MFC green line is in the upper zone at 94 bullish. 

Uptrend sectors:  XLV, XLP, XLY, XLK, XLU, XLRE, XLI, XLF,

Neutral sectors: XLE, XLB,

Down trend sectors:

The 6-month intermediate and long-term trends are still up.  The three-month trend is now up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

60 of 100 NDX stocks closed higher on Friday.

65 NDX stocks are above their 30 DMA.  COST, AMGN, ISRG, AMZN, CELG, CHKP, CA, CTAS, ORLY, CTXS, FAST, AAPL, QCOM, WBA, PCAR, ROST, XLNX, CSX, CERN, SBUX, CMCSA, KLAC, ILMN, VRSK, SNPS, CSCO, PAYX, TMUS, WDAY, DISH, FISV, ADP, TTWO, ESRX, MYL, INCY, REGN, AAL, ADSK, CDNS, NVDA, ADBE, ADI, IDXX, MSFT, PYPL, INTU, ALGN, CHTR, EBAY, NFLX, SHPG, TXN, VRTX, SIRI, SYMC, AVGO, MNST, ULTA, BIIB, MAR, MU, CTSH, FOXA, MDLZ,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

CTSH, FOXA, MDLZ,

Moving Below 30 DMA = 5

ATVI, EXPE, GILD, GOOGL, HAS,

Intermediate-term trending stocks: 

ADBE, ETFC, MA, V, ISRG, WIX, NDAQ, VRSN, COP, CRM, NTAP, RNG, SQ, ALGN, GRUB, AKAM, CDNS, FISV, BA, MU, CMA, HRS, SHOP, EL, NVDA, CME,

MAR, ANET, KORS, IBKR, RACE, WYNN, TAL, AA, WUBA, FCAU,

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Stocks Pullback After China Tariff News...

© 2018

SPY, QQQ, DIA and IWM pulled back after news of up $200 billion in additional tariffs on China and news of an ambulance at the White House. 

SQ, AAPL, AMZN, and ALGN hit new highs on Thursday. 

One sector was higher on Thursday, led by utilities XLU +0.04% and healthcare XLV -0.08%.

The DJIA, closed down 137 points at 25,986.  This is the thirtieth fifth consecutive close above 25,000 since June 15.

SPY down 1.18 at 290.30, on 61.2 million shares, 3% above average volume. Down on similar volume.

VIX up 1.28 at 13.53  

Oil up .35 at 70.05

TLT up .26 at 121.28 on 5.6 million shares.  

Intermediate and long term up trend intact.  3-day short term trend is up.

Up:

Down: IWM, QQQ, SPY, DIA,

Breadth weakened on Thursday, as decliners led 1,006 to 1,836 on the NYSE and led 1,250 to 1,644 on the NASDAQ

The SPY MFC green line is in the upper zone pointed up at 95.9 bullish. 

Uptrend sectors:  XLV, XLP, XLY, XLK, XLU, XLRE, XLI

Neutral sectors: XLF, XLE, XLB,

Down trend sectors:

The 6-month intermediate and long-term trends are still up.  The three-month trend is now up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

25 of 100 NDX stocks closed higher on Thursday.

69 NDX stocks are above their 30 DMA.  COST, AMGN, HAS, ISRG, AMZN, CELG, CHKP, CA, CTAS, ORLY, CTXS, FAST, AAPL, QCOM, WBA, PCAR, ROST, XLNX, CSX, CERN, SBUX, CMCSA, KLAC, ILMN, VRSK, SNPS, ADBE, CSCO, PAYX, TMUS, WDAY, DISH, FISV, ADP, TTWO, ESRX, MYL, INCY, REGN, AAL, ADSK, CDNS, NVDA, ADBE, ADI, IDXX, MSFT, PYPL, INTU, ALGN, ATVI, CHTR, EBAY, GOOGL, NFLX, SHPG, TXN, VRTX, EXPE, SIRI, SYMC, AVGO, MNST, ULTA, BIIB, MAR, GILD, MU,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 2

GILD, MU,

Moving Below 30 DMA = 8

DLTR, FOXA, HSIC, JBHT, MDLZ, MELI, MXIM, STX,

Intermediate-term trending stocks: 

ADBE, ETFC, MA, V, ISRG, WIX, NDAQ, VRSN, COP, CRM, NTAP, RNG, SQ, ALGN, GRUB, AKAM, CDNS, FISV, BA, MU, CMA, HRS, SHOP, EL, NVDA, CME,

MAR, ANET, KORS, IBKR, RACE, WYNN, TAL, AA, WUBA, FCAU,

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New Highs Continue as DIA Nears January High...

© 2018

SPY, QQQ and IWM closed at all-time closing highs for the third straight day.  DIA closed $1.25 below its all-time closing high of 262.58 on Jan 26.

SQ, AAPL, AMZN, ALGN, and VRSK hit new highs on Wednesday.  

Eight sectors were higher on Wednesday, led by discretionary XLY +1.22% and technology XLK +0.91%.

The DJIA, closed up 60 points at 26,124, led by strength in AAPL, V, MSFT, MCD and MMM.  This is the thirtieth fourth consecutive close above 25,000 since June 15 and the third close above 26,000 since Feb 1.

SPY up 1.56 at 291.48, on 61.4 million shares, 3% above average volume. Up on higher volume.

VIX down .25 at 12.25 

Oil up 1.17 at 69.70

TLT up .16 at 121.02 on 5.6 million shares. 

MSFT +1.60%, AAPL +1.49%, led the DJIA, 18 advancers, +6.

MRO +5.17%, ABMD +4.16% and FL +3.28%, led the SPX.
REGN +4.25%, AMZN +3.38%, PYPL +2.22%, and VRTX +2.21%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: QQQ, SPY, IWM, DIA,

Down:

Breadth strengthened on Wednesday, as advancers led 1,691 to 1,133 on the NYSE and led 1,797 to 1,103 on the NASDAQ

The SPY MFC green line is in the upper zone pointed up at 95 bullish. 

Uptrend sectors:  XLV, XLP, XLY, XLK, XLU, XLRE, XLI

Neutral sectors: XLF, XLE, XLB,

Down trend sectors:

The 6-month intermediate and long-term trends are still up.  The three-month trend is now up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

70 of 100 NDX stocks closed higher on Wednesday.

75 NDX stocks are above their 30 DMA.  COST, AMGN, HAS, HSIC, ISRG, AMZN, GILD, CELG, CHKP, CA, CTAS, ORLY, CTXS, FAST, AAPL, DLTR, QCOM, WBA, PCAR, ROST, XLNX, CSX, CERN, SBUX, CMCSA, KLAC, ILMN, VRSK, SNPS, ADBE, CSCO, PAYX, TMUS, WDAY, DISH, FISV, ADP, TTWO, ESRX, MYL, JBHT, INCY, REGN, AAL, ADSK, CDNS, MXIM, NVDA, ADBE, ADI, IDXX, MSFT, PYPL, STX, INTU, ALGN, ATVI, CHTR, EBAY, GOOGL, MELI, NFLX, SHPG, TXN, VRTX, EXPE, SIRI, SYMC, AVGO, MNST, ULTA, BIIB, FOXA, MAR, MDLZ,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 4

BIIB, FOXA, MAR, MDLZ,  

Moving Below 30 DMA = 1

MU,  

Intermediate-term trending stocks: 

ADBE, ETFC, MA, V, ISRG, WIX, NDAQ, VRSN, COP, CRM, NTAP, RNG, SQ, ALGN, GRUB, AKAM, CDNS, FISV, BA, MU, CMA, HRS, SHOP, EL, NVDA, CME,

MAR, ANET, KORS, IBKR, RACE, WYNN, TAL, AA, WUBA, FCAU,

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SPY, QQQ, IWM with More New Highs...

© 2018

SPY, QQQ and IWM closed at all-time closing highs for the second straight day.  DIA closed less than $2.00 below its all-time closing high of 262.58 on Jan 26.

SQ, AAPL, AMZN, ALGN, and VRSK hit new highs on Tuesday. 

Four sectors were higher on Tuesday, led by real estate XLRE +1.22% and discretionary XLY +0.20%.

The DJIA, closed up 14 points at 26,064, led by strength in AAPL, WMT, UNH, UNH and MMM.  This is the thirtieth third consecutive close above 25,000 since June 15 and the second close above 26,000 since Feb 1.

SPY up .14 at 289.92, on 46.9 million shares, 20% below average volume. Up on lower volume.

VIX up .34 at 12.50 

Oil down .39 at 68.53

TLT down .73 at 120.86 on 4.9 million shares. 

WMT +1.62%, AAPL +0.81%, led the DJIA, 12 advancers, -14.

PCG +4.72%, COTY +4.70% and JWN +2.31%, led the SPX.

QCOM +3.62%, AAL +2.96%, XLNX +2.35%, and INCY +2.06%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: QQQ, IWM, SPY, DIA,

Down:

Breadth weakened on Tuesday, as decliners led 1,481 to 1,362 on the NYSE and led 1,505 to 1,421 on the NASDAQ

The SPY MFC green line is in the upper zone pointed up at 93 bullish. 

Uptrend sectors:  XLV, XLP, XLY, XLK, XLU, XLRE, XLI

Neutral sectors: XLF, XLE, XLB,

Down trend sectors:

The 6-month intermediate and long-term trends are still up.  The three-month trend is now up.  The ten-day trend is sideways.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

58 of 100 NDX stocks closed higher on Tuesday.

72 NDX stocks are above their 30 DMA.  COST, AMGN, HAS, HSIC, ISRG, AMZN, GILD, CELG, CHKP, CA, CTAS, ORLY, CTXS, FAST, AAPL, DLTR, QCOM, WBA, PCAR, ROST, XLNX, CSX, CERN, SBUX, CMCSA, KLAC, ILMN, VRSK, SNPS, ADBE, CSCO, PAYX, TMUS, WDAY, DISH, FISV, ADP, TTWO, ESRX, MYL, JBHT, INCY, REGN, AAL, ADSK, CDNS, MXIM, NVDA, ADBE, ADI, IDXX, MSFT, PYPL, STX, INTU, ALGN, ATVI, CHTR, EBAY, GOOGL, MELI, NFLX, SHPG, TXN, VRTX, EXPE, SIRI, SYMC, AVGO, MNST, MU, ULTA,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 4

AVGO, MNST, MU, ULTA,

Moving Below 30 DMA = 1

MDLZ,

Intermediate-term trending stocks: 

ADBE, ETFC, MA, V, ISRG, WIX, NDAQ, VRSN, COP, CRM, NTAP, RNG, SQ, ALGN, GRUB, AKAM, CDNS, FISV, BA, MU, CMA, HRS, SHOP, EL, NVDA, CME,

MAR, ANET, KORS, IBKR, RACE, WYNN, TAL, AA, WUBA, FCAU,

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New Highs SPY, QQQ, IWM, SQ, V, AAPL, AMZN, ALGN, CSX, NVDA...

© 2018

SPY, QQQ and IWM closed at all-time closing highs.  DIA closed $2.00 below its all-time closing high of 262.58 on Jan 26.

AMD, SQ, V, AAPL, AMZN, ALGN, CSX, and NVDA hit new highs on Monday. 

Eight sectors were higher on Monday, led by industrial XLI +1.26% and materials XLB +1.37%.

The DJIA, closed up 259 points at 26,049, led by strength in GS, BA, CAT, MMM and UNH.  This is the thirtieth second consecutive close above 25,000 since June 15 and the first close above 26,000 since Feb 1.

SPY up 1.72 at 289.78, on 57.0 million shares, 3% below average volume. Up on similar volume.

VIX up .17 at 12.16 

Oil up .40 at 68.92

TLT down .70 at 121.59 on 6.4 million shares. 

GS +3.19%, CAT +2.77%, led the DJIA, 26 advancers, +3.

AMD +5.34%, GM +4.84% and TWTR +4.70%, led the SPX.

JD +4.04%, ALGN +3.88%, INCY +3.25%, and REGN +3.22%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: DIA, QQQ, SPY, IWM,

Down:

Breadth weakened slightly on Monday, as advancers led 1,798 to 1,084 on the NYSE and led 1,708 to 1,219 on the NASDAQ

The SPY MFC green line is in the upper zone pointed up at 92 bullish. 

Uptrend sectors:  XLV, XLP, XLY, XLK, XLU, XLRE, XLI

Neutral sectors: XLF, XLE, XLB,

Down trend sectors:

The 6-month intermediate and long-term trends are still up.  The three-month trend is now up.  The ten-day trend is sideways.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

75 of 100 NDX stocks closed higher on Monday.

69 NDX stocks are above their 30 DMA.  COST, AMGN, HAS, HSIC, ISRG, AMZN, GILD, CELG, CHKP, CA, CTAS, ORLY, CTXS, FAST, AAPL, DLTR, QCOM, WBA, PCAR, ROST, XLNX, CSX, CERN, SBUX, CMCSA, KLAC, ILMN, VRSK, SNPS, ADBE, CSCO, PAYX, TMUS, WDAY, DISH, FISV, ADP, TTWO, ESRX, MYL, JBHT, INCY, REGN, AAL, ADSK, CDNS, MXIM, NVDA, ADBE, ADI, IDXX, MSFT, PYPL, STX, INTU, ALGN, ATVI, CHTR, EBAY, GOOGL, MELI, NFLX, SHPG, TXN, VRTX, EXPE, MDLZ, SIRI, SYMC,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 4

EXPE, MDLZ, SIRI, SYMC,

Moving Below 30 DMA = 0

Intermediate-term trending stocks: 

ADBE, ETFC, MA, V, ISRG, WIX, NDAQ, VRSN, COP, CRM, NTAP, RNG, SQ, ALGN, GRUB, AKAM, CDNS, FISV, BA, MU, CMA, HRS, SHOP, EL, NVDA, CME,

MAR, ANET, KORS, IBKR, RACE, WYNN, TAL, AA, WUBA, FCAU,

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SPY, IWM Make All-time High..

© 2018

SPY and IWM closed at all-time closing highs.  QQQ closed 34 cents below its all-time closing high of 182.82 on July 25.

AMD, SQ, V, ADSK, TTWO and NVDA hit new highs on Friday. 

Nine sectors were higher on Friday, led by technology XLK +1.30%.

The DJIA, closed up 133 points at 25,790, led by strength in UNH, MMM, V, BA and CAT.  This is the thirtieth first consecutive close above 25,000 since June 15.

SPY up 1.72 at 287.51, on 57.4 million shares, 2% below average volume. Up on higher volume.

VIX down .42 at 11.99 

Oil up .68 at 68.52

TLT up .24 at 122.29 on 6.0 million shares. 

DWDP +1.62%, V +1.48%, led the DJIA, 23 advancers, +10.

AMD +7.58%, SCG +3.62% and AA +3.38%, led the SPX.

ADSK +15.33%, NFLX +5.79%, MELI +5.51%, and ATVI +4.10%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: QQQ, SPY, IWM, DIA

Down:

Breadth strengthened on Friday, as advancers led 1,958 to 838 on the NYSE and led 1,777 to 1,112 on the NASDAQ

The SPY MFC green line is in the upper zone pointed up at 91.8 bullish. 

Uptrend sectors:  XLV, XLP, XLY, XLK, XLU, XLRE, XLI

Neutral sectors: XLF, XLE, XLB,

Down trend sectors:

The 6-month intermediate and long-term trends are still up.  The three-month trend is now up.  The ten-day trend is sideways.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

87 of 100 NDX stocks closed higher on Friday.

65 NDX stocks are above their 30 DMA.  COST, AMGN, HAS, HSIC, ISRG, AMZN, GILD, CELG, CHKP, CA, CTAS, ORLY, CTXS, FAST, AAPL, DLTR, QCOM, WBA, PCAR, ROST, XLNX, CSX, CERN, SBUX, CMCSA, KLAC, ILMN, VRSK, SNPS, ADBE, CSCO, PAYX, TMUS, WDAY, DISH, FISV, ADP, TTWO, ESRX, MYL, JBHT, INCY, REGN, AAL, ADSK, CDNS, MXIM, NVDA, ADBE, ADI, IDXX, MSFT, PYPL, STX, INTU,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 10

ALGN, ATVI, CHTR, EBAY, GOOGL, MELI, NFLX, SHPG, TXN, VRTX,

Moving Below 30 DMA = 0

Intermediate-term trending stocks: 

ADBE, ETFC, MA, V, ISRG, WIX, NDAQ, VRSN, COP, CRM, NTAP, RNG, SQ, ALGN, GRUB, AKAM, CDNS, FISV, BA, MU, CMA, HRS, SHOP, EL, NVDA, CME,

MAR, ANET, KORS, IBKR, RACE, WYNN, TAL, AA, WUBA, FCAU,

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